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ABU DHABI / WAM Food producers around the world face multiple challenges, and soil degradation is one of the most serious ones. According to global statistics, 52% of the world’s agricultural soil is currently degraded to varying degrees. Unsustainable human activities put a strain on the soil and deplete its organic content. This leads to soil degradation, exacerbating food shortages, ...

  Abu Dhabi / WAM Alpha Dhabi Holding has announced its financial results for the first quarter of 2022, reporting a net profit of AED2.84 billion, up significantly year-on-year from AED100 million. Revenues stood at AED8.17 billion for the first three months of 2022, representing a year-on-year increase of 700% with strong contributions from investments in the healthcare sector, which ...

  New Delhi / WAM Abdullah bin Touq Al Marri, Minister of Economy, said the implementation of a Comprehensive Economic Partnership Agreement (CEPA) signed between India and the UAE on February 18 came into force on May 1 with the arrival of the first imports exempted from tariffs. In an interview with the Emirates News Agency (WAM), Al Marri said ...

  Abu Dhabi / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million, reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent and 45.4 ...

  Abu Dhabi / WAM The total value of Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion, a 15 percent increase compared to the same period of 2021. Exports recorded a growth of 35 percent in the first three months of the year compared to the same period of last year, valued ...

  Abu Dhabi / WAM Mubadala Investment Company, an Abu Dhabi sovereign investor, released its 2021 financial results for the group, achieving a total comprehensive income (TCI) attributable to the owner of AED 122 billion for the year, compared to AED 72 billion in 2020. At year end, assets under management across the group stood at AED 1,045 billion compared ...

  Abu Dhabi / WAM Abu Dhabi Airports on Wednesday released its passenger traffic results for the first quarter of 2022. It revealed that the airport welcomed 2.56 million guests, more than triple the number seen during the same period last year, on the back of resurgent demand and the resulting introduction of new frequencies, routes and services. First quarter ...

  ABU DHABI / WAM Al Yah Satellite Communications Company on Wednesday announced its financial results for the three-month period ended March 31. Yahsat reported first-quarter revenue of AED362.5 million [$98.7 million], reflecting an increase of 9.4% year-on-year. All business segments performed well, with a particularly exceptional performance in both managed solutions and mobility solutions, which increased by 26.0 percent ...

  DUBAI / WAM Dubai parks witnessed a huge turnout from families during the Eid Al Fitr holidays. The parks received more than a quarter of a million visitors, which is an increase of 76.38% over the same period last year. Al Mamzar Park received the largest share of visits. The parks had opened their doors to receive families and ...

  DUBAI / WAM Emirates and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), on Wednesday signed a memorandum of understanding (MoU) to boost tourist numbers across the airline’s global network. The new partnership is part of the airline’s commitment to promote tourism to the UAE by aligning activities with other tourism partners and capitalising on ...